Gross Domestic Product — Value Standard Local Currency, 2015 prices in Barbados
Barbados: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 11,567 million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Barbados, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Barbados stood at 11,567 million SLC. That is the highest value across all 55 years on record.
That represents a change of up 3.8% on the previous year and up 8.4% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Barbados peaked at 11,567 million SLC in 2024 and was at its lowest, 5,289 million SLC, in 1970.
Barbados ranks 161st of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Barbados, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 5,289 million SLC | — |
| 1971 | 5,496 million SLC | +3.9% |
| 1972 | 5,566 million SLC | +1.3% |
| 1973 | 5,641 million SLC | +1.3% |
| 1974 | 5,379 million SLC | -4.7% |
| 1975 | 5,594 million SLC | +4.0% |
| 1976 | 5,838 million SLC | +4.4% |
| 1977 | 6,051 million SLC | +3.6% |
| 1978 | 6,346 million SLC | +4.9% |
| 1979 | 6,847 million SLC | +7.9% |
| 1980 | 7,146 million SLC | +4.4% |
| 1981 | 7,008 million SLC | -1.9% |
| 1982 | 6,663 million SLC | -4.9% |
| 1983 | 6,696 million SLC | +0.5% |
| 1984 | 6,934 million SLC | +3.6% |
| 1985 | 7,009 million SLC | +1.1% |
| 1986 | 7,366 million SLC | +5.1% |
| 1987 | 7,555 million SLC | +2.6% |
| 1988 | 7,816 million SLC | +3.5% |
| 1989 | 8,098 million SLC | +3.6% |
| 1990 | 7,830 million SLC | -3.3% |
| 1991 | 7,524 million SLC | -3.9% |
| 1992 | 6,998 million SLC | -7.0% |
| 1993 | 7,084 million SLC | +1.2% |
| 1994 | 7,352 million SLC | +3.8% |
| 1995 | 7,501 million SLC | +2.0% |
| 1996 | 7,798 million SLC | +4.0% |
| 1997 | 8,168 million SLC | +4.7% |
| 1998 | 8,473 million SLC | +3.7% |
| 1999 | 8,501 million SLC | +0.3% |
| 2000 | 8,880 million SLC | +4.5% |
| 2001 | 8,669 million SLC | -2.4% |
| 2002 | 8,738 million SLC | +0.8% |
| 2003 | 8,928 million SLC | +2.2% |
| 2004 | 9,053 million SLC | +1.4% |
| 2005 | 9,412 million SLC | +4.0% |
| 2006 | 9,946 million SLC | +5.7% |
| 2007 | 10,516 million SLC | +5.7% |
| 2008 | 10,952 million SLC | +4.1% |
| 2009 | 10,761 million SLC | -1.8% |
| 2010 | 10,880 million SLC | +1.1% |
| 2011 | 10,800 million SLC | -0.7% |
| 2012 | 10,766 million SLC | -0.3% |
| 2013 | 10,658 million SLC | -1.0% |
| 2014 | 10,666 million SLC | +0.1% |
| 2015 | 10,576 million SLC | -0.8% |
| 2016 | 10,766 million SLC | +1.8% |
| 2017 | 10,780 million SLC | +0.1% |
| 2018 | 10,653 million SLC | -1.2% |
| 2019 | 10,722 million SLC | +0.7% |
| 2020 | 9,108 million SLC | -15.1% |
| 2021 | 9,085 million SLC | -0.3% |
| 2022 | 10,705 million SLC | +17.8% |
| 2023 | 11,143 million SLC | +4.1% |
| 2024 | 11,567 million SLC | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,805 million SLC | 5,289 million SLC | 6,847 million SLC | 10 |
| 1980s | 7,229 million SLC | 6,663 million SLC | 8,098 million SLC | 10 |
| 1990s | 7,723 million SLC | 6,998 million SLC | 8,501 million SLC | 10 |
| 2000s | 9,586 million SLC | 8,669 million SLC | 10,952 million SLC | 10 |
| 2010s | 10,727 million SLC | 10,576 million SLC | 10,880 million SLC | 10 |
| 2020s | 10,322 million SLC | 9,085 million SLC | 11,567 million SLC | 5 |
Countries ranked near Barbados
- 158 Bahrain 14,276 million SLC compare
- 159 Bahamas 12,823 million SLC compare
- 160 Solomon Islands 12,629 million SLC compare
- 162 Fiji 11,547 million SLC compare
- 163 Palestine, State of 10,850 million SLC compare
- 164 Sao Tome and Principe 8,533 million SLC compare
More economy & growth data for Barbados
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2 Percent per annum (2029)
- Agriculture, forestry, and fishing, value added (current LCU), annual -1.03 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0311 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 836.37 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -4.25 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0122 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 327.59 constant 2015 US$ per person (2024)
- Agriculture, forestry, and fishing, value added (constant LCU) -4.25 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0301 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Barbados?
- Gross domestic product — value standard local currency, 2015 prices in Barbados was 11,567 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Barbados?
- The highest recorded value was 11,567 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Barbados?
- The lowest recorded value was 5,289 million SLC in 1970.
- How does Barbados rank for gross domestic product — value standard local currency, 2015 prices?
- Barbados ranks 161st out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Barbados?
- Over the last ten years it is up 8.4%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).